launder money for drug cartels, they go to jail. buttheobamaadministrationisn'tgoing to do that because as assistant attorney general brewer said hsbc would almost certainly have lost its banking license and the entire banking system would have been destabilizing. that would be like throwing the baby out with the bath water. incidentally it's yet to be proven that hsbc profited in any way from black market baby disposal. they were just heavily invested in bath water remany offal. lay off the banks. here to lay on the banks is rolling stone writer, editor and author of article "secrets and lies of the bailout." matt thanks for coming. you work for "the rolling stone" one magazine that still exists. matt, is it really fair to rake hsbc over the coals for the one time event that happened over a decade ago? >> do you see the movie conair? they laundered money for everybody in that airplane. it was terrorists, drug dealers, you know, mass murderers. >> stephen: that's called diversifying your investments, matt. that's what banks are supposed to do. >> i guess so and they did it